Browsing: Business

DMCC – the flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement will see businesses dealing with crypto assets gain access to bespoke licenses offered by the DMCC Crypto Centre, first-class customer service, a range of incentives, and the strong business regulatory framework developed by DMCC.Working closely with DMCC’s on-boarding teams, the SCA will issue approvals for crypto-related businesses looking to set…

The MENA Oil and Gas Technology Summit, a one day virtual event hosted by MEED, will take place on Wednesday, 24 March 2021, bringing together stakeholders from National Oil Companies, large end users and utilities companies to explore topics including digitalization, automation, cybersecurity and asset integrity within the region’s oil and gas sector.The oil and gas industry is currently witnessing global oil price volatility coupled with an increasing emphasis on operating more sustainably. A forecast by the International Monetary Fund’s (IMF) expects the GCC’s GDP growth to return to pre-COVID-19 levels only in 2023 – citing weak oil demand, aggravated…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy Operation 300 billion. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its contribution to the GDP from the current AED133 billion to AED300 billion by 2031. Leading the strategy, the Ministry of Industry and Advanced Technology will roll out programs and initiatives to support 13,500 industrial small and medium enterprises (SMEs).Focusing primarily on future industries that implement advanced technology and the Fourth…

EHang Holdings Limited, the world’s leading autonomous aerial vehicle (AAV) technology platform company, announced a partnership with an Italian architecture firm Giancarlo Zema Design Group (GZDG) to extend its air mobility solutions in the EU. With EHang’s passenger-grade AAV technologies and air mobility solutions, GZDG has designed and will build an eco-sustainable vertiport in Italy.The vertiport will use green design and construction materials, and can generate energy to recharge the EH216 passenger-grade AAVs. Vertiports will play a significant role in the Urban Air Mobility (UAM) market and the new era of flight. When integrated into the existing transportation infrastructure, vertiports…

Zynga Inc, a global leader in interactive entertainment, announced that it has acquired Echtra Games, a cross-platform game studio composed of a development team whose core members have previously shaped the world of action role-playing games through their work on genre-defining titles including Diablo, Diablo II, the Torchlight franchise and more.The Echtra Games team strengthens Zynga’s cross-platform play future by adding talented developers with extensive cross-platform play experience as well as proprietary cross-platform development tools and technologies that have been built on top of the Unreal Engine. Specifically, the Echtra Games team will be developing a new, yet to be…

FedEx Corp, one of the world’s largest cargo airline, announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.By 2040, the entire FedEx parcel pickup and delivery (PUD) fleet…

DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.The signing ceremony was held in the presence of the Coordinating Minister for Maritime and…

A latest market research report titled “Content Marketing Market by Objective (Lead Generation, Brand Awareness, Thought Leadership, And Others), Platform (Blogging, Videos, Infographics, Case Studies, And Others), End-user (Retail, Automotive, Financial Services, Telecom, And Others), and Geography APAC, Europe, MEA, North America, and South America)- Forecast and Analysis 2020-2024, published by Technavio forecasts the market to reach USD 269.24 billion by 2024, at a CAGR of 13% during the forecast period.Rising number of mobile device users and growing use of content marketing by companies for brand building will boost the market growth. The focus of companies toward building brand awareness…

Sitcom star, producer, businesswoman, philanthropist and friend to millions who feel they know her. There are multiple levels to global superstar actress Jennifer Aniston. Since exploding onto the scene in the early ’90s with her girl-next-door persona and famous Rachel hairstyle (still Googled every 44 seconds!), Jennifer Aniston is one of the most beloved stars of television and film. Legacy Distribution released Jennifer Aniston – More Than Friends, a feature-length inside story now widely available across VOD, including Amazon Prime, Roku, & Tubi.Jennifer Aniston – More Than Friends explores Aniston’s rise to fame as fan-favorite Rachel Green in Friends, one…

AEEE Capital Holding & Advisory Group Inc (AEEE) signed a $650 Million deal to complete development and construction management of a 500-acre Phase II sector of the New Capital East of Cairo. Part of the upcoming improvements include a state-of-the-art call center, residential town homes, luxury villas, mid-rise apartments, and studios. Such projects ensure that the boom in the local real estate cycle continue for at least another decade. Easier access to financing, significantly lower interest rates and high demand for a more suburban lifestyle have all contributed to this boom.With the Egyptian government successfully tackling inflation, AEEE’s phase II projects…